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and who is eligible for a refund. our guest is tax foundation chief economist william mcbride. "washington journal" is next. host: >> host: the white house is to eating -- is disputing claims. the u.s. ambassador to madrid will appear to discuss buying in the country after press reports that the nsa collected information on phone calls. chiefs from those and other countries are expected to travel to the u.s. to discuss those issues. this topic, even on the sunday talk shows yesterday. for our first 45 minutes, when it comes to physically monitoring by the nsa on our allies, we want to get your thoughts on whether the u.s. should rethink spying on allies. here's how you can tell us this morning. you can also reach out to us on social media. you can always send us an e-mail to journal at c-span.org. stores today and yesterday stemming on new developments when it comes to monitoring of ally activity by the nsa. new about obama spying. thatsa denies reports obama was told in 2010 of nsa spying on angela merkel and allowed it to continue. on sunday, the german tabloid siding unknow
in any temperature, even cold. tideod pop in. stand out. ♪ 'cause i'm the tax man, yeah, i'm the tax man♪ >> i love that music, i mean, that's just perfect because higher taxes may be coming thanks to obamacare. a report in the new york times that says millions of people will get free health coverage under obamacare. grover norquist joins us on the demands for ever more taxes. we're about a minute from the opening bell. come in from chicago, larry levin. look, larry, i've got a new poll from citigroup that says that 20 very rich families keep 39% of their assets in cash, only 25% in stocks. i'm surprised as so much cash. what does it tell you? >> well, it tells you those people have a whole lot of money, stuart and they've got less problems than a lot of people, even a lot of traders down here, you know, if you're going to keep-- >> do you think they're worried? do you think they're nervous with stocks as an all-time high and bonds doing very well, too? are they nervous? >> again, i think they may be nervous to a certain extent. you should be a little nervous when the markets are on t
of obamacare under congress' general taxing power. the court noted specifically that, quote, even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. mr. speaker, i want to read that one more time. even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, a
as sequestration be replaced. democrats suggested that you posing with acs tax loopholes while republicans focused focus on the cost of entitlement programs. this is 2.5 hours. >> good morning. this budget committee will come to order and welcome to all of our committee hearings and committee members, the tradition in the committee is the body the last chaired it hands the gavel over and that apparently is what this is, to the new chair. so i am very proud to open this up and follow the tradition of this committee and it is my pleasure to hand this big gavel over to my colleagues. >> it looks like a keeper. [laughter] >> thank you, i will put this somewhere else. >> thank you, chairman. welcome, everyone. i feel the house members are here. and today we are considering the resolution on the budget in the house amendment and we will begin with opening statements and i will recognize myself in and senator patty murray. each house will be recognized in the order of seniority alternating between minority and majority and since there are more from the senate and the house, asked her if they have made t
for income tax purposes, the court would disregard it because this is s-corporation? >> it may well be. the fact it is an s-corporation even though it means there is this corporate forum, the net result of income and loss of penalty goes on frank and phil gilardi's income tax returns, part of schedule k. >> a complete pass through? >> yes. >> that is true of limited liabilitied corporations and associations? >> i think we deal with a you blah that impinges on fundamental first amendment freedoms the supreme court said we don't allow form to triumph over substance that. is what we're talking here. >> i think what lee says, if you're in the commercial, if you're in the commercial market you have to give up some for the greater good. >> i agree judge, it does say that but what we say that is part of the -- >> congress had some exemptions as well. >> nothing like in -- >> that is your take. you're saying the exemptions here are so overwhelming, so large in their number that you should win, i don't see you can't possibly get around lee. because lee had exemptions and the court gave it the b
. look at this, judicial watch reports that former irs official lois lerner shared confidential tax info with the federal elections committee. if true, that would be a felly. 48 million people on food stamps facing cuts in the program. 36 bucks a month. 420 a year cut. last item, french soccer going on strike. the reason, french president hollande won't give the teams and players an exemption from that 75% tax on million dollar sales, they're striking. we haven't forgotten about your money. it's all about tech. apple's new ipad on sale today, that and more obamacare bombshells in a moment. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. ♪ we need a little christmas right this very minute♪ >> i suppo
for later shooting at that girl. >> san francisco board of supervisors meeting to vote whether to add a tax on sugary drinks. >> critics are saying this is a bad idea. abc # news has more. >> the owner of this popular deli in the castro district says soft drinks makeup 30% of his business and says a tax would hurt. >> to be honest it would be affecting us in a way, people, cut back on soft drinks. and, also, drinks. >> reporter: supervisor scott weiner will start a campaign for a tax on soda and sugar-sweetened beverages. >> we have taxed tobacco fr a long time, taxed alcohol for a long time. it's not out of the ordinary to tax products that have some negative side affects. >> reporter: also gearing up today a consulting firm that beverage companies hired to fight the tax. >> because they simply have effect of raising cost of living and have no material affect on with living a healthy life style. >> reporter: his firm helped defend a soda tax in richmond. he thinks san francisco voters will respond the same. >> i think san franciscoins have higher priorities than placing a tax on beverag
with a blue cross silver atmo plan with tax credits, in that case, instead of $800 a month, it's $77 a month. and let me refer you to the interview on "meet the press" with the blue cross florida ceo. he was asked by david gregory, in florida, the oldest and largest health care plan provider, florida blue cross, confirmed it is cutting 300,000 policies. and this is what the chairman of blue cross of florida said, "we're not cutting people, and i quote, we're actually transitioning people. what we've been doing is informing folks that their plan doesn't meet the test of the essential health benefits. therefore, they have a choice of many options that we make available through the exchange, and, in fact, with subsidy, many people will be getting better plans at a lesser cost." so this has become a matter of legitimate discussion, and i think all of us would appreciate your addressing it. >> sir, again, going back to prior to the affordable care act days, these individuals in a small group or individual market had no protections. they had no guarantees of coverage, and they were still being cha
. about anlking opportunity society, talking about low tax rates, trying to help everyone be there yes and america. coming from where i came from, it resonated a little bit. i've got 11 brothers and sisters and my dad owned a bar, i've got brothers and sisters on every rung of the economic ladder and the idea of an opportunity society is to i was. of the 1970s and ,980s, these two people especially during the 1970s, by the end of the 1970s, i was a republican -- i have a ronald reagan bumper sticker on a 1980 in the primary, sorry jeb, [laughter] in 1980 eight, i found myself in manchester, new hampshire, joe and, if you will recall and in february of 1988, a lowly state rep, business guy go to manchester, new hampshire to help my buddy jack kemp. with jackhis dinner and joanne and a bunch of these really big-time congressman. the next day, i got my assignment to go knock on doors and i was assigned to go to the city dump. i thought what the hell is this? i went to the dump because in manchester, new hampshire, you up, yout garbage picked go to the dump. i stood in the dump, called a c
taxes for 98% of all americans. and lower bare year -- lowering baferiers so entrepreneurs and businesses can innovate, grow, and hire. because of these measures we're moving in the right direction. the positive signs are reel. -- real. since 2009 our economy has been expanding. over the past 43 months, private employers have added 7.6 million jobs. in fact, businesses have added more than two million jobs over the last year alone. and the end of this year, and the beginning of next year, show signs of further progress. the auto industry is growing again, manufacturing has increased. the global market has improved. american companies liked ford and apple are starting to move operations back to the united states. we sell more products made in america to the rest of the world than ever before. the cost of health care is growing at the slowest rate in years. and our deficits are half of what they were when the president took office. so we have seen the united states economy make a turn around. our economy is actually recovered faster than any other advanced economy. just as it
on the house position in terms of the resolution they passed back in the spring which had no tax increases, no revenue increases, assumed to the repeal of the affordable care act. it is the antithesis to the senate position. thesenate budge was resolution they passed. they had increased references -- revenues and a differences are so great it is unlikely there will be any kind of agreement to raise revenues because it could not pass in the house of representatives. host: does that doom this effort to failure? guest: now, if people had expectations that this would be a large deficit reduction package achieved by the hope for a deadline of december 13, i think that is off the table. i think there is a real possibility, not of a grand bargain, but of a bargain that will be granted that we got a bargain at all. the american public believes that congress is dysfunctional and cannot achieve anything. at a minimum, it seems there is a good possibility that both mrs. murray and mr. ryan can come together on some sort of package that will show that the house and senate can work together in a minima
cadillac plans? >> something is happening to them now. there's going to be an exercise tax that kicks in 40% now, on any benefits, premiums paid over $10,200 for individuals, $27,500 for families. so that exize tax kicks in four years from now. employers are shifting costs to the covered people to employees like ourselves and making them pay more in anticipation of that exized tax kicking in. >> if the net cost, in other words, to the company is greater than that 10,200 or whatever it is -- >> pays 40% on top of that. >> the employer pays that. they would figure in the costs they pay to the insurer to cover me. >> that's right. >> and figure in or reduce that amount by the amount that i pay per month. >> one way to address it. >> that i pay in typical deductions. >> overall trend in the industry to shift costs to the employee. >> we know that. >> and this is exacerbating that. >> this is happening for years in the private sector. >> you know, in fairness to the administration, an effort to contain costs to make people aware of what they're paying for. >> one of these things, goes back to th
. that's number one. number two, we need tax reform, in my view, tax reform that brings down the top corporate rates to something more closely aligned with every other developed nation in the world, and at the same time that we're doing that to generate some revenues for deficit reduction, to match what we're doing on the spending side. if you think about it, as the senator from ohio knows, the senator from west virginia knows, tax expenditures, tax breaks, tax credits, tax deductions, tax loopholes, tax gap adds up over the next ten years to anywhere from $10 trillion to $15 trillion. we're going to spend more money out of the treasury for tax expenditures than we're going to spend in all our appropriations bills combined. if we could capture 5% of $12 trillion over ten years for deficit reduction, that's $600 billion. if we could match that in like a bowles-simpson number, we could do about another $2 billion on deficit reduction on top of what we've already done. is that a grand compromise that i want and i think the senator from ohio wants and i know the senator from west virgini
court upheld the mandate as a tax but president obama went in front of the entire nation to say the mandate was not a tax increase so we have unilateral reinterpreting of the lock over the last three and a half years. gerri: one more caller from new york about the single payer system. caller: to do you think the obamacare concept and kellogg was designed to create a single payer system to a implode? gerr ttsreat estn. >> ion'thin he ishat vio. aughr] iann beeve the american people after having watched this trade racal vote to give more control to the federal government. gerri: but it is interesting >> i think they have the assumption most of the house plan would move into the exchange but now basie health insurance will try to stay out to offer plans outside pool is the opposite of what they anticipated. this has been so miserable. gerri: is it possible that insurers' move out of the system? >> i agree. they're all sorts of problems you could end up with only sick people the sequester could cut insurers' to the tune of billions of dollars are they could pay for the sequester cut
of patients that their personal information may be part of a huge tax scam. it's the latest example of a booming type of fraud, one that could cost a -- all of us a lot of money. most of the victims were patients of the orange county health department in florida. investigators came across a hand written list of names, patients who were targets of the scam. patients' personal info was storm, which the scammers used to submit fraudulent tax returns. when the government sent out refund checks, investigators say the crooks pocketed the cash. this is nothing new in the sunshine statement florida has the highest rate of this type of scam, but it seems a refund fraud is becoming a bigger threat for all of us. tax scammers last year tried to steal $6.5 billion from up suspecting victims, according to the irs. phil keating is live. do prosecutors -- florida health department workers. do they know if prosecutors were in on this or what's the story? >> reporter: they're think can that possibly the former health department workers, who according to the federal complaints, have already boned out
was talking about an opportunity society, talking about low tax rates, trying to help everyone be their best in america. coming from where i came from, it all kind of resonated little bit. i've got 11 brothers and sisters. my dad owned a bar. i got brothers and sisters on every rung of the economic ladder. the idea of an opportunity society was kind of who i was. over the course of the 1970s and 1980s, these two people, especially during the 1970s -- by the end of the 1970s, i was a republican -- i had a reagan bumper sticker on in 1980 during the primary. sorry, jeb. in 1988, i found myself a manchester -- in a manchester, new hampshire, if you will recall. in february of 1988, a lowly state rep, business guy goes to manchester, new hampshire to my buddy jack kemp. i was at this dinner with jack and joanne. there were a bunch of these big- time congressmen. the next day, i got my assignment to knock on doors. i was assigned to go to the city dump. i thought, what the hell is this? i went to the dump because in manchester, new hampshire, they don't pick up garbage. you have to take it to the
they knew what they were doing. even those folks couldn't afford it. it is not the rich paying more taxes. it is people who realize in order to buy insurance, which otherwise the irs is going to come after them, but in order to buy insurance, the premiums are up, the co pays are up, the deductibles are up sometimes up to several thousands of dollars. these folks are saying i can't afford health care and send my kids to college or buy the things i need to buy. has why it is outstanding -- that's why it is outstanding she says go and buy something else. the president has doctors on the team at the white house. but the moms and dads out there, the single moms and dads struggling to get through lost it and they don't know how to get it back. >> let's look atey -- lets 8 look. he said don't blame us. it is not the president's fault. >> the law does not say sears drops coverage. the law does not say you drop coverage. the insurance industry decides how it will make money. when the private companies decide that they will drop people or put them in the exchange you blame president obama. he is no
and that they're beleaguered, you know, bank. but what they do get out of it in some cases is tax deductibility. certain aspects of settlements are tax deductible. and they can use that as a negotiating chip for the entire settlement if the justice department allows it. so, we're not clear yet on how much of this will be tax deductible. that would certainly be a benefit to jpmorgan chase. and it would mean that the taxpayers are once again subsidizing this very profitable large institution. also there's a sense that, you know, maybe we can put this behind us, we've paid the freight, we are -- we've been held accountable. but again the problem with that argument is that it is the shareholders who are being held accountable, paying the price, not the actual perpetrators. >> what i hear you saying is that the wrongdoing at jpmorgan, jamie dimon's own failure to manage the offenses created by other executives and by traders and all of that, all of that cost or much of that cost is being passed down to taxpayers and shareholders? >> yes, that's correct. >> that doesn't seem fair. >> well, that's our
will also qualify for tax credits to make the coverage even more affordable. we know that consumers are eager to purchase this coverage, and to the millions of americans who have attempted to use healthcare.gov to shop and enroll in insurance care coverage, i want to apologize to you that the website has not worked as well as it should. we know how desperately you need affordable coverage. i want to assure you that healthcare.gov can and will be fixed and we are working around the clock to deliver the shopping experience that you deserve. we are seeing improvements each week and by the end of november the experience on the site will be smooth for the vast majority of users. over the past month, millions of visited healthcare.gov to take a look at new health care coverage under the affordable care act. in that time, nearly 700,000 applications for coverage have been submitted across the nation. more than half of those are in the federal marketplace alone. this tremendous interest confirms that american people are looking for quality affordable health care coverage. we know that the c
over in france where farmers are saying no way to a new tax. >> i'm phil torezz, coming up next on techknow. >> hike! >> america's favorite sport is under fire. >> now, that impact simulated 100 g's of acceleration in your brain. >> it's the opponent no player can see. >> so the system is showing real-time impact. >> can science prevent concussions? >> i did my job and just had to sacrifice my brain to do it. >> the final farewell for an american space hero. family, friends and dignitaries will pay their respect to scott carpenter in colorado today. carpenter died on october 10th at the age of 88. the public service will follow a private family funeral. john glenn is scheduled to speak at the memorial service. >>> thousands of people in france are protesting against new taxes. the government has promised increases of $4 billion to reduce the national deficit. >> reporter: several thousand people here in northwest france, they are furious about their so-called ecotax that the president, president hollande, wants to introduce. he's already backtracked slightly. he's going to suspend it fo
the pike? how many taxes are in there? nice that it is covering people, but when will it -- what is it going to cost us? i think that americans really want to know and it is not out there in black-and-white. you should be able to look and see. there are a lot of important things that have been done wrong. the president has lied to us. thank you. host: a little bit more about the book "double down." it is just coming out. even after obama named hillary clinton as secretary of state, finding their wounds, he could barely endure spending time with the clinton. he rarely contacted his democratic predecessor in the years after taking office. after midterm losses for his party, the incumbent and his inner circle realized that they still needed the popular mr. clinton. they golfed together in 2011 in an effort to get closer together. they did not even finish 18 holes. r. obama succinctly expressed his view of mr. clinton saying that he liked him in doses. to thema, who is known test campaign donor nations said that he could not name his top five vendors. he says he has no idea. after me
. it is poured to understand if she is eligible for tax credit because that affects the price you would pay. >> can she find out the cost of the plan without finding out -- without signing up? interested innot the tax credit and you just want to know what rates are available, we have on the website the ability -- availability to do that. quest website is not working. >> this is on the front end. what is not working are some of the pieces inside the application. interested int rates in our market, that is available through the website. there is also the ability, and we have a link to that on the website, to use kaiser site which also allows them, if they believe they are eligible to task credits, to go in and simulate what that would look like. interested int test credits and they just want to know what is available to them, and i have several friends available to me, i just want to see what rates on individual margaret -- they have decided to do that. quest they do not. quest your positive? >> i am positive. >> is in the person on the phone with my constituent who is trying to find out if t
to try and pass a tax on sugary drinks. supervisor scott weiner officially submitted his plan to place a two cent per ounce tax on sodas and the plan would target the alarming rise of diabetes among kids. supervisor estimates the tax could raise $31 million a year for rec programs. similar tax proposals in richmond and los angeles failed following lobbying by the beverage industry. the industry says the tax would unfairly affect poor communities. >>> from local ballot issues to the statewide issues, california's initiatives allow voters to make laws. you know that. many of those hot-button issues that we vote on, but are they good tools for making policy? and how many of us actually understand the initiatives we vote on? let's bring in nbc bay area's political analyst, larry gerston. good to see you. we have a legislator and governor but many people enjoy having the direct vote to pass laws, right? >> yes, scary how much, or how little they know about it. the voters adopted the idea in 1911 when the legislature was literally owned by the southern pacific railroad. it was no joke. fed u
, coming up. >>> imagine paying your taxes by the mile. the government charging you based on how far you drive. the new proposal. we'll tell you about it. who? not so much. my customers can shop around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. #%tiaintroducing cardioviva: the first probiotic to help maintain healthy cholesterol levels without a prescription. cardioviva. >>> time now for a political gut check of the morning. the white house is reviewing all u.s. surveillance programs after reports national security agency was spying on some 35 world leaders and the top senator on the senate intelligence committee says he is totally opposed to that surveillance and that data collection will not continue. cnn's chief national correspondent john king is here to talk more about all of this. it's pretty interesting where things have gotten with this spying controversy, john. the white house is
money, there's a tax write off, not much, but a little, and us and a center for reporting out there fill the gap, but i do think that overall, our media landscape is being driven increasingly by the news of the moment, celebrity news, political news, real news, and there's a lot less time and energy, resources available for doing deep dives or looking at things not in the immediate spotlight in front of us as were all on our twit of-like hamster wheel. >> host: viewers have questions or comments, the bureau chief, the lines are open this morning. republicans call 202-a 85-3 # 88 is. democrats 202-585-3880. independents, 202-585-3882. we'll talk to him for about the next 40 minutes or so on the "washington journal," and as we lay out the lines, i want to talk to you about how you prefer to describe your magazine. is it progressive? is liberal the term? what do you say to folks who call your magazine as listed on here frequently asked questions page left pinko rag? >> they are wrong. i mean, we are a progressive-driven organization. you know, and i, the way i look at it is i tend to see ou
gdp compared to other advanced economies. our code is also full of special interest tax breaks and loopholes while hurting others that are investing in the united states. we can do better. and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs
, but with the threat of tax. yesterday we all know better. if you like your insurance, you won't necessarily get it keep it because president obama and 279 congressional democrats chose to pass a flawed law that for many strips the choice away. i yield back, mr. speaker. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from south carolina seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: the gentleman is recognized for one minute. mr. wilson: mr. speaker, the augusta chronicle lead editorial on saturday hit the nail on the head pointing out that the real truths about the obamacare train wreck. americans remember a, quote, soothing assurance from president obama in 2009 when he was hawking his affordable care act to the masses. if you like your health care plan, you can keep your health care plan. now tell that to the hundreds of thousands of americans who already have received letters from health plans essentially telling them you are on your own, end
's the 1st of november, but a huge tax hit is being taken out of that in the state of california. some people say, oh, poor kobe, but maybe that would make him want to play for the rockets -- [laughter] >> more and more i think athletes are considering this, you know? the money they're making now you say, okay, maybe it's not as bad. we know up until recently athletes, you know, have gone broke or really said, golly, have to find a new job or career, but almost 40% federal, 3.78% for medicare and 13.3% california. so 56.7% of his income going to taxes, and it's an environment of paying your fair share, you know? i don't know how much of the public services out in california he's using. i just don't think it's that much. i don't think it's $14 million worth. connell: not exactly a sympathetic figure, but we get your point. >> that's the whole thing. no one's sympathetic except when it starts to trickle down. ofof course, in france they're starting to talk about not even having a soccer season this year. connell: 75%, incomes over a million euro? >> yeah. 75%. and so now the owners -- da
fees and taxes on their industry. there is probably a next bag for a lot of companies involved in health care. host: there was a story by "the lost angeles times." some of their health insurance is going to get pricier. our health insurance companies changing their policies for members because of the affordable care act? guest: let's talk about what is happening in the individual markets. there are policies that may not offer the same comprehensiveness of coverage that the affordable care act has. it covers maternity care and hospitalization and so on. they are getting noticed that the current policy will not meet the federal standards. this story has gone a lot of attention in the press this week. this coverage is no longer adequate. you can enroll in a different policy. you may pay more or less for your coverage. this is something that is upsetting to people who like the policy they had. host: jane up next from tampa, florida, uninsured. caller: good morning. i have not applied for the aca but my son did and he didn't have a problem with it. i do not understand why it is such
that americans get affordable care without all these regulations, mandates, taxes and there are ways that we can do it. what we are seeing with this healthcare law and so much attention is to the web site. the web site is really just the tip of the iceberg, there are big problems coming with this, greta. >> should secretary sebelius step down or get fired. >> the president gets to make that decision. >> what do you think. >> i have called for her resignation. i think when jon stuart and "saturday night live" are making fun of the job that you are doing and the web site, what that speaks to is the fact that young americans are laughing at the secretary and the web site. these are the people that the president is trying to coerce into buying insurance that is more expensive and more insurance that they want or need and in many cases can afford. that's the only way that you pay for the insurance for these older, sicker indivi younger people buy it. >> at this point though what would be achieved by that if she were, you know, if the president said you have got to go or she decided to go. what would
is also a very interesting idea to consider. put a little box in your car and pay taxes only on how many miles you drive, not on how much gas you pump or how much gas you use. the people behind this idea say it would mean the end of the gas tax and that you would be rewarded for driving less, but could it also mean an invasion of privacy? who is up? who is down some swho a winner if this actually takes place but one idea that one state is testing out and we will talk about it. >> look forward to hearing about it. >> of course. >>> it is time for your morning rhyme. our tweet of the day comes from? >> rich chosen one. that is his name. rich chosen one. he writes halloween's frights kept me up all the time but it's all right because i have "early start" in my sight. multiple use of the rhyme there. you can come up with your own any time you want. tweet us with the addresses and we appreciate it. >>> coming up next, a remarkable story. >> right now, more than ever, there seems to be a lot of hope and optimism. >> the american trying to lead iran to glory on a soccer field. we are live in te
. for individual retirement accounts, i.r.a.'s, under the tax code. today retirees are more likely to rely on 401k's and i.r.a.'s and are less likely to have defined benefit plans from their employers. at the same time, the natural products have become increasingly complex. because the rules governing the rights of investors and the responsibilities of advisors are more than 35 years old, d.o.l. is attempting to modernize these rules and -- in order to reflect the changing nature of the retirement marketplace. given these realities it is necessary for the department to make sure that the professionals offering retirement advice have a duty to put their clients' interests first before their own or at very least tell their customers that they may be conflicting. at the same time the s.e.c. is considering moving forward on a rule making that would impose a uniform fiduciary standard of conduct for broker dealers and investment advisors, consistent with the dodd-frank act. this would ensure that whatever the business model, if an individual is providing personalized investment advice out securities to
times, regulation light, across-the-board tax cuts, might even give tax credit to middle class families, instead of all this spending, which has done nothing. there is no upturn coming in the first half of next year, trust me. >> this could be a crushing blow to toyota as consumer reports lowers the boom on its most popular model. and ford doesn't fare too well either. jackie deangelis has the latest on that story. and "the kudlow report" is coming right back. but first, we found the tape. here's more obama care comic relief. >> if our web site still isn't loading properly, we're probably just overloaded with traffic, millions of americans are visiting health carcare.gohealt is great news. unfortunately, the site was just designed to handle six people at a time. if you're in a rush consider using our low-res web site with simpler fonts and graphics. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i
close senator blunt i want to thank you for being a cosponsor of the start-up innovation tax credit, something senator rubio and senator schumer and stabenow as well as senator moran have cosponsored and introduced and discussed over time. it would help with access to capital for early stage start-up manufacturers. there are a lot of things we can discuss going forward but for today i am grateful for your leadership with senator brown on this bill that would help strengthen the national network of manufacturing innovation centers. you are a strong leader for manufacturing in your home state of missouri, and i'm grateful for a chance to spend some time with you on the floor today discussing that good bill and your good ideas. mr. blunt: let me talk about the start-up act we've worked on, i think you mentioned all the cosponsors of that, senator rubio, senator stabenow, senator mccain, senator schumer and enzi and what that does is try to extend the opportunity of research and development to start-up businesses. the way the tax credit works if you're -- you can deduct those costs from
but they will have some new options for those who want to cover their employment and new tax credit possibilities. for large employers, 96% already cover their employees. the penalty that you're constituents referred to is not a penalty that is imposed in 2014, it is being discussed with businesses about what kind of information is exchanged and it will take place -- >> i thank you. he's going to use the gavel on me if you don't hush. i yield back my time. >> how much time -- the chair would recognize the gentle lady from california, miss eshoo. >> welcome, madam secretary. you're a distinguished woman, you have distinguished yourself and your state, the offices that you've held and now working for the american people and i salute you for it. i want to really congratulate my republican pals for being absolutely 1,000% consistent. you love what's wrong with the web site and you detest what's working in the affordable care act, and i think that that is on full display here. but let's get back to the web site because that's what the hearing is about. it's my understanding that november 31st is the -
host: and the one set lack essential protections, and that many people may qualify for tax credits host: glenn kessler in today's fact checker column in the "washington post." we go to lucy now in virginia on our line for republicans. we're talking about kathleen sebelius' statements. your thoughts on that. caller: good morning and thank you for taking my call. think it is something that we are all looking, first of all, i think the general public has become so much more aware of what was in this very massive bill in the last month. what i heard computer experts website did on the not begin until eight or nine months ago, in other words, after the 2012 election. because as we are seeing this , we are becoming aware of all of the problems that are in it. so someone had pointed out well, you had 3.5 years to make it, this website, and the computer person said well, actually, no, it has only been eight or nine months. i think if all of these problems had been articulated prior to the 2012 election, who knows, maybe it would have gone another way. host: ok, we will go to carol now from same
drinks. city supervisor scott weiner is proposing a new tax. today he'll suggest a two- cents per ounce tax on sugary drinks. a can of soda, for example, would cost 24 cents more. the money would be used to pay for health programs for the city's young people. if approved, the proposal would go on the november ballot next year. >> this is the woman police say was driving drunk when she hit and killed two pedestrians early friday. 54-year-old marjorie reitzell of redwood city, is charged with two felony counts of manslaughter and two counts of felony driving under the influence. she's still getting medical care - and was not in court for her arraignment monday. prosecutors say her blood- alcohol level was more than twice the legal limit. >> we know about the contact and what we found in of the car. we know that this is a way over 1.5. the exact amount will not be known until the tests are completed. >> there's a memorial near the scene of the accident. the couple killed are 50- year-old balbir singh and his wife, 45-year-old kamal singh, both of menlo park. if convicted, reitzell faces up
group --a decade attempt rates great something like 5 billion dollars of recurring tax revenue for government at all levels without raising taxes. it creates a burst of optimism in my mind an opportunity that people will take and perhaps build new coalitions to discard the old way of doing things and build new coalitions for america to begin solving our other problems. the fourth thing i would suggest is that no amount of good policy will matter if we don't focus on a shared believe of strong families and faith as a backbone of any american renewal. [applause] unfortunately, we have a crisis on the family front. the latest census numbers reflect this fact. 42% out of wedlock or thread. breathtakingthe statistics that describes family life in america today. the family structure in the united states as we have known it for centuries is crumbling. those on the left call for another government program. payment.r a rule or regulation as a solution. you know the government cannot -- the kind of people we become is determined not by the government, but by the nature of our families, c
for me to take this tax. think about that for a second. if that continues at this pace, it could be a $3 trillion or $4 trillion expense to the american people. he said you can keep your interest. they lied about so many things. to get this thing passed. from top to bottom. they talked about abortion not being in it originally. they even got one congressman to sign on, promising him abortion wasn't going to be in it. >> stupek. >> right, top to bottom, they've lied about it. talk about this for one second. when you realize how much this is going to cost them, they'll have to do one of two things. either tax the hell out of it and give the irs, they're going to have to muscle them up. right now, the irs can't garnish your wages. you just have to hope these people pay their taxes. or they're going to have to turn around and say every taxpayer in america is going to have to pick up the tab. >> that's what's going to happen because they don't have enough money in the till to balance it out. now you've got young people that are going to be uninsured, angry and penalized by the federal governm
their coverage. it's until they start getting the benefits of better coverage and the tax subsidies that come with it, which will make that coverage in many cases cheaper than the ones they currently have, that they won't understand or won't feel good towards obama, let's say. so that's why this whole rollout matters, they need to show the benefits of this in addition to the pain it was causing. >> still ahead the ceo of america's largest private health exchange joins us, how he is offering to bail out the government's troubled website. "morning joe" is back in a moment. ♪ [ male announcer ] you know that family? the one whose eye for design is apparent in every detail. whose refined taste is best characterized by the company they keep. well...say hello to the newest member of the family. the cadillac srx, awarded best interior design of any luxury brand. take advantage of this exceptional offer on the 2013 cadillac srx, with premium care maintenance included. (coffee be♪ng poured into a cup.) save your coffee from the artificial stuff. switch to truvia. great tasting, zero-calorie sweetn
to stay in network. great plans. by the way, what about when you're going to get taxed for the golden plan? you're paying $20,000 a year-plus. but now we're going to tax you because you're paying too much. >> what's interesting, senator, is the fact that i think over the last couple of weeks, going on to a month, mainstream media is kind of waking up to this. i think the story that only six people signed up on the first day came from cbs news. a lot of people are going we really believed this guy, but maybe we shouldn't have. >> can you imagine? at the end of the day 47 people, and they're saying hundreds of thousands of people -- >> it's the volume. that's what broke it. the volume. >> right. you know what it is? it's just this idea i'm going to do it my way. it's the old story of power. absolute power corrupts. so when the democrats controlled both houses overwhelmingly, they didn't look for compromise. they didn't look to involve others. they jammed it through. now they're paying the price. they're not. the american people are going to suffer. >> i read a lefty blogger somewhere on the
us it wasn't a tax when it was. how many times did he tell us you could keep your insurance when you can't. this is an epidemic of dishonesty. and yet reporters won't report it, and poor ed schultz is saying that it's just so positive that nobody dares talk about it. >> bozell is wrong on all accounts. across the board he's wrong. hannity has now been reduced to defending junk insurance policies. and i wonder if he knows that most junk insurance policies only last about a year, when people actually figure out they have been hoodwinked into a policy that doesn't cover snot. that's why obama care is good. sean, i know, it's probably a little over your head. but i'll give it a shot again. a few weeks ago, i asked sean hannity to go face-to-face with me in a debate. instead of accepting what he has decided to do, this is his -- comes back with a challenge, he's playing clips of my show in his media clip or whatever, in his segment. look, i'm about the truth. and it would seem to me that if i'm wrong on these things, that handy would want to go face-to-face with me. i mean, you know, i'm
taxes continued into the evening. more than 10,000 fill the streets of kampala. facing police using tear gas. government promised tax increases of $4 billion to reduce the deficit. >> several thousands here in brittany in north-west france are furious about the ecotax that the president, francis hollande, wants to introduce. he's already backtracked slightly. he says he'll suspend it for more talks. the people here want it scrapped altogether. they say it will jeopardise their livelihoods. brittany has been hit hard by factory closures, mainly in the food processing business. they say they are buying undercut by cheap labour elsewhere in the european union and are particularly angry about germany who is undercutting then. the economy generally has taken a knock. the focus of the protest has been on the ecotax. a week ago there were violent clashes with the police, rubber bullets were fired, tear gas was fired, protesters hurled missiles at the police, there were several injuries, a couple of days later, francis hollande, the president backtracked and suspended. the protesters feel they h
to a new location. that deadline has passed. >> in france protesters angry over new taxes faced water canons and tear gas. more than 10,000 filled the streets after learning the government plans $4 billion in tax height to reduce the deficit. >> several thousand people here in north-west france. they are furious about the ecotax that the president, president francis hollande wants to introduce. he's already backtracked slightly. he says he'll suspend it. for more talks, but the people here want it scrapped altogether. they say it will jeopardise their livelihoods. brittany has been hit hard by factory clornals. mainly in the food processing business. they say they are being undercut for cheap labour. they are angry about germany, who they say is undercutting them. the economy generally has taken a knock recently and the focus of the protest has been on the ecotax. a week ago there were violent clashes with the police, rubber bullets were fired, tear gas was fired. protesters hurled missiles. there were several injuries. a couple of days later francis hollande backtracked and suspended
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